Ford Cuts Prices on Mustang Mach-E EV Up to 8% on Some Versions
A Mustang Mach-E Photo: alex plavevski/Shutterstock By Nora Eckert Updated May 2, 2023 10:50 am ET Ford Motor Co. for the second time this year cut prices on its electric Mustang Mach-E, reducing the sticker by as much as 8% on some versions. The reduction comes as the U.S. auto maker moves to a lower-cost battery and as rival Tesla also continues to adjust pricing on its top-selling EV models in an attempt to boost sales. Ford said it expects to reopen order banks for the Mach-E on Wednesday and plans to increase production of the model at its plant in Mexico later this year to meet customer demand. Among those versions getting a price trim are the standard-range Mach-Es that will be powered by a lower-cost lithium iron phosphate batter
A Mustang Mach-E
Photo: alex plavevski/Shutterstock
By
Ford Motor Co. for the second time this year cut prices on its electric Mustang Mach-E, reducing the sticker by as much as 8% on some versions.
The reduction comes as the U.S. auto maker moves to a lower-cost battery and as rival Tesla also continues to adjust pricing on its top-selling EV models in an attempt to boost sales.
Ford said it expects to reopen order banks for the Mach-E on Wednesday and plans to increase production of the model at its plant in Mexico later this year to meet customer demand.
Among those versions getting a price trim are the standard-range Mach-Es that will be powered by a lower-cost lithium iron phosphate battery, the company said.
Sales of the Mustang Mach-E—an SUV that made its debut in late 2020—were down about 20% in the first quarter this year with the car company selling 5,407 of them total during the period.
The new sticker prices are about $1,000 to $4,000 less than what the Mach-E versions were priced at in late January, when the last round of cuts took place. The electric SUV will now cost between about $43,000 to $60,000, depending on the trim level.
Write to Nora Eckert at [email protected]
Updates to follow as news develops.
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